Can I retire at age 75 with 2,640,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$218,009$216,067$214,172$212,323$210,517$208,059
2 years$107,925$105,915$103,967$102,078$100,246$97,772
3 years$71,235$69,217$67,274$65,403$63,600$61,187
4 years$52,894$50,882$48,958$47,119$45,360$43,026
5 years$41,892$39,892$37,993$36,192$34,482$32,234
6 years$34,560$32,575$30,704$28,943$27,285$25,126
7 years$29,325$27,356$25,515$23,796$22,190$20,120
8 years$25,400$23,449$21,639$19,961$18,408$16,429
9 years$22,349$20,417$18,638$17,003$15,503$13,612
10 years$19,910$17,996$16,249$14,657$13,209$11,406
11 years$17,916$16,021$14,305$12,756$11,360$9,643
12 years$16,255$14,380$12,695$11,188$9,844$8,211
13 years$14,850$12,995$11,343$9,878$8,585$7,033
14 years$13,648$11,812$10,191$8,768$7,525$6,054
15 years$12,606$10,791$9,201$7,820$6,626$5,232
16 years$11,696$9,900$8,342$7,002$5,856$4,537
17 years$10,894$9,118$7,591$6,291$5,192$3,946
18 years$10,181$8,425$6,930$5,669$4,617$3,440
19 years$9,545$7,808$6,344$5,123$4,115$3,006
20 years$8,973$7,256$5,822$4,640$3,676$2,631
21 years$8,455$6,759$5,355$4,211$3,289$2,307
22 years$7,986$6,309$4,936$3,829$2,948$2,025
23 years$7,558$5,901$4,557$3,487$2,647$1,780
24 years$7,166$5,528$4,215$3,180$2,379$1,566
25 years$6,806$5,188$3,904$2,904$2,141$1,379
26 years$6,475$4,876$3,620$2,656$1,928$1,215
27 years$6,168$4,589$3,362$2,431$1,738$1,072
28 years$5,884$4,324$3,125$2,227$1,569$946
29 years$5,620$4,079$2,908$2,042$1,416$835
30 years$5,374$3,852$2,709$1,874$1,280$738
31 years$5,144$3,642$2,526$1,721$1,157$652
32 years$4,929$3,446$2,356$1,582$1,047$577
33 years$4,728$3,263$2,200$1,455$947$510
34 years$4,539$3,093$2,056$1,339$858$451
35 years$4,361$2,934$1,922$1,232$777$399
36 years$4,193$2,784$1,798$1,135$704$353
37 years$4,035$2,645$1,683$1,046$638$313
38 years$3,885$2,513$1,576$964$578$277
39 years$3,743$2,390$1,476$889$524$245
40 years$3,609$2,274$1,384$820$476$217
41 years$3,482$2,164$1,298$756$432$192
42 years$3,361$2,061$1,217$698$392$170
43 years$3,246$1,964$1,142$644$355$151
44 years$3,137$1,872$1,072$595$323$134
45 years$3,032$1,785$1,007$549$293$118
46 years$2,933$1,703$946$507$266$105
47 years$2,838$1,625$888$469$241$93
48 years$2,747$1,551$835$433$219$82
49 years$2,661$1,482$785$400$199$73
50 years$2,578$1,415$738$370$181$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,640,000, adding $3,556 every year, while hoping to spend $29,933 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 76/10/14 Blend
74$2,640,000$2,640,000$2,640,000$2,640,000
75$2,912,948$2,773,028$2,732,108$3,125,532
76$3,178,220$2,877,058$2,791,785$3,370,344
77$3,469,547$2,985,182$2,852,458$3,634,544
78$3,789,554$3,097,569$2,914,129$3,923,360
79$4,141,135$3,214,396$2,976,798$4,239,231
80$4,527,476$3,335,847$3,040,466$4,584,847
81$4,952,087$3,462,113$3,105,131$4,963,169
82$5,418,838$3,593,394$3,170,791$5,377,456
83$5,931,989$3,729,899$3,237,441$5,831,298
84$6,496,234$3,871,847$3,305,079$6,328,651
85$7,116,748$4,019,465$3,373,696$6,873,868
86$7,799,227$4,172,990$3,443,286$7,471,747
87$8,549,951$4,332,669$3,513,839$8,127,571
88$9,375,837$4,498,762$3,585,344$8,847,160
89$10,284,509$4,671,537$3,657,789$9,636,924
90$11,284,364$4,851,277$3,731,160$10,503,924
91$12,384,655$5,038,276$3,805,440$11,455,938
92$13,595,578$5,232,840$3,880,611$12,501,536
93$14,928,368$5,435,290$3,956,652$13,650,157
94$16,395,403$5,645,960$4,033,541$14,912,200
95$18,010,321$5,865,200$4,111,252$16,299,122
96$19,788,154$6,093,374$4,189,758$17,823,544
97$21,745,459$6,330,863$4,269,029$19,499,372
98$23,900,486$6,578,065$4,349,031$21,341,924
99$26,273,340$6,835,395$4,429,729$23,368,080
100$28,886,178$7,103,287$4,511,082$25,596,435